News Release
IFIC Monthly Investment Fund Statistics – July 2024
Mutual fund and exchange-traded fund (ETF) assets and sales
August 22, 2024 (Toronto) – The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for July 2024.
Mutual fund assets totalled $2.137 trillion at the end of July, up by $65.2 billion or 3.1 per cent since June. Mutual fund net sales were $5.2 billion in July.
ETF assets totalled $458.1 billion at the end of July, up by $17.9 billion or 4.1 per cent since June. ETF net sales were $5.0 billion in July.
July insights
- Mutual fund assets reached an all-time high in July, surpassing the previous record set in December 2021.
- Mutual fund sales saw their largest single-month inflows since February 2022.
- Bond funds accounted for the majority of net sales, while equity, specialty, and money-market asset categories also experienced positive inflows.
- Equity funds made up close to half of ETF net sales, while all other major asset categories had positive inflows.
For more information on these results, click here.
About IFIC
The Investment Funds Institute of Canada is the voice of Canada’s investment funds industry. IFIC brings together 150 organizations, including fund managers, distributors and industry service organizations to foster a strong, stable investment sector where investors can realize their financial goals. By connecting Canada’s savers to Canada’s economy, our industry contributes significantly to Canadian economic growth and job creation.
For more information
Christine Harminc
Senior Manager, Communications and Public Affairs
charminc@ific.ca
416-309-2313
